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Morph vs TON

Compare Morph and TON on TVL, fees, revenue and activity to understand how these projects stack up.

$89.21M
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$48.5M
The Open Network (TON) is a sharded Layer‑1 originally designed by Telegram, featuring dynamic workchains and instant cross‑shard consensus through the Vertical Blockchain mechanism. The TON Storage and TON DNS services extend functionality beyond payments, whereas the Tap‑to‑Transfer feature has onboarded millions of Telegram users. A 2025 governance vote approved jetton fee burns to make TON mildly deflationary.
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Key Metrics Comparison

Morph
TVL
$89.21M
24h Volume
$736.8K
24h Fees
$4.3K
24h Revenue
$824
30d Fees
$77.9K
30d Revenue
$14.8K
7d TVL Change
+20.97%
Dominance
0.10%
TON
TVL
$48.5M
24h Volume
$2.16M
24h Fees
$1.27M
24h Revenue
$24.5K
30d Fees
$32.85M
30d Revenue
$931.9K
7d TVL Change
-3.66%
Dominance
0.05%

Category Performance

Visual comparison across key categories. Ring fill represents relative strength or share between the two assets.

TVL Share

Share of combined TVL

TVL Share
Morph
64.8%
TON
35.2%

Volume Share

Share of combined 24h volume

Volume Share
Morph
25.4%
TON
74.6%

Fees Share

Share of combined 24h fees

Fees Share
Morph
1.0%
TON
99.7%

Revenue Share

Share of combined 24h revenue

Revenue Share
Morph
3.2%
TON
96.8%

7d TVL Performance

TVL change over last 7 days

7d TVL Performance
Morph
20.97%
TON
-3.66%

Dominance

Market dominance by TVL

Dominance
Morph
0.1%
TON
0.1%
TVL Comparison
Morph
TON